Minimum Operating Cash Flow to Interest Expense Ratio Sample Clauses

Minimum Operating Cash Flow to Interest Expense Ratio. Borrower shall maintain (or cause to be maintained): (1) as of the end of each Fiscal Quarter ending from and after December 31, 1996 up to and including June 30, 1998, for each Rolling Period, a ratio of: (i) EBITDA in respect of such Rolling Period, MINUS Capital Expenditures made during such Rolling Period, to (ii) Interest Expense during such Rolling Period, of not less than 1.25:1; (2) as of the end of the Fiscal Quarter ending September 30, 1998 for the 9 month period then ended a ratio of: (i) Adjusted EBITDA in respect of the 9 month period ending September 30, 1998, MINUS Capital Expenditures made during such 9 month period; to (ii) Interest Expense during such 9 month period, of not less than 0.27:1; (3) as of the end of the Fiscal Quarter ending December 31, 1998 a ratio of:
Sample 1
AutoNDA by SimpleDocs
Minimum Operating Cash Flow to Interest Expense Ratio. Borrower shall maintain (or cause to be maintained), as of the end of each Fiscal Quarter ending from and after December 31, 1996, for each Rolling Period, a ratio of: (1) EBITDA in respect of such Rolling Period, minus Capital Expenditures made during such Rolling Period, to (2) Interest Expense during such Rolling Period, of not less 1.25:1.
Sample 1
Minimum Operating Cash Flow to Interest Expense Ratio. On and after the Effective Date, Section 1(a) of Annex G to the Credit Agreement is amended and restated as follows:
Sample 1

Related to Minimum Operating Cash Flow to Interest Expense Ratio

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

  • Minimum Consolidated EBITDA Parent will not permit Consolidated EBITDA for any Test Period ended on the last day of a fiscal quarter described below to be less than the respective amount set forth opposite such period below: Fiscal Quarter Ended Closest to Amount --------------- -------- June 30, 1999 $32,000,000 September 30, 1999 $35,500,000 December 31, 1999 $37,000,000 March 31, 2000 $38,000,000 June 30, 2000 $39,000,000 September 30, 2000 $41,000,000 December 31, 2000 $42,000,000 March 31, 2001 $43,000,000 June 30, 2001 $43,500,000 September 30, 2001 $44,000,000 December 31, 2001 $44,500,000 March 31, 2002 $45,000,000 June 30, 2002 $45,500,000 September 30, 2002 $46,000,000 December 31, 2002 $46,500,000 March 31, 2003 $47,000,000 June 30, 2003 $47,500,000 September 30, 2003 $48,000,000 December 31, 2003 $48,500,000 March 31, 2004 $49,000,000 June 30, 2004 $49,500,000 September 30, 2004 $50,000,000 December 31, 2004 $50,500,000 March 31, 2005 $51,000,000

  • Interest Expense For any period with respect to Parent Company and its Subsidiaries, without duplication, (a) interest (whether accrued or paid) actually payable (without duplication), excluding non-cash interest expense but including capitalized interest not funded under an interest reserve pursuant to a specific debt obligation, together with the interest portion of payments on Capitalized Leases, plus (b) Parent Company’s and its Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Minimum Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.5 to 1.0.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!